Of the Following, Which Is the Least-Important Feature of the Technology

question 5

Multiple Choice

Of the following, which is the least-important feature of the technology when it is transferred abroad:

• A)The state of the art?
• B)Appropriate to the situation?
• C)Accompanied by training services?
• D)Capable of being effectively used in the country to which it is transferred?

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Definitions:

Purely Competitive Markets

Markets characterized by many buyers and sellers, homogeneous products, and no single participant having market control.

Government Action

Measures or initiatives undertaken by the governmental bodies to address societal, economic, or international issues.

Large Profit

A significantly high net income resulting from the difference between revenue and expenses.

Competitive Market Economy

A market structure characterized by many buyers and sellers, free entry and exit, and a product for which each firm is a price taker.